Average Farm Manager Salary in Nicaragua for 2024

In this article, we will look at the average Farm Manager salary for 2024 in Nicaragua and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Nicaraguan córdoba. To keep things simple, we are using the NIO currency code instead of the currency symbol C$.

How Much Does a Farm Manager Make in Nicaragua?

A Farm Manager working in Nicaragua will typically earn around 268,900 NIO per year, and this can range from the lowest average salary of about 130,400 NIO to the highest average salary of 421,400 NIO.

These are average salaries for a Farm Manager in Nicaragua and include benefits such as housing and transport. It's also possible for a Farm Manager to earn more or less than the average salaries shown above.

Farm Manager salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Farm Manager Salaries in Nicaragua

So we've looked at the average salaries a Farm Manager will earn in Nicaragua. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Farm Manager can earn between 130,400 NIO and 421,400 NIO on average in Nicaragua. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Farm Manager in Nicaragua is 273,000 NIO. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 273,000 NIO, and 50% of the population earn more than 273,000 NIO.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Farm Manager salary in Nicaragua, 25% of the population are earning less than 183,600 NIO while 75% of the population earn more than 183,600 NIO.

75% of the population earn less than 353,600 NIO, and 25% of the population earn more than 353,600 NIO.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

Farm Manager Salary by Experience Level in Nicaragua

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average farm manager salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

• 0 - 2 Years Experience. A Farm Manager in Nicaragua that has less than two years of experience can expect to earn somewhere in the region of 157,600 NIO.
• 2 - 5 Years Experience. With two to five years of experience the average Farm Manager salary would increase to 200,000 NIO.
• 5 - 10 Years Experience. From five to ten years of experience as a Farm Manager, the average salary would be 275,500 NIO.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 341,900 NIO.
• 15 - 20 Years Experience. A Farm Manager with 15 to 20 years of experience can earn an average of 367,900 NIO.
• 20+ Years Experience. For a Farm Manager with more than 20 years, the expected average salary increases to 392,300 NIO.

Average Salary by Experience Chart

Farm Manager Salary by Education Level in Nicaragua

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Farm Manager in Nicaragua based on the education level of the employees in order to find out whether a better education level would increase your salary.

• High School. A Farm Manager in Nicaragua with a high school education can earn an average salary of 200,000 NIO.

• Certificate or Diploma. A Farm Manager in Nicaragua with a certificate or diploma education can earn an average salary of 288,100 NIO.

• Bachelor's Degree. A Farm Manager in Nicaragua with a bachelor's degree education can earn an average salary of 394,500 NIO.

Average Salary by Education Chart

Farm Manager Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Nicaragua, a male farm manager will earn an average of 277,400 NIO, while a female farm manager will earn around 254,800 NIO.

This means that a male farm manager earns approximately 9% more than a female farm manager for performing the same job.

Average Salary by Gender Chart in Nicaragua

Farm Manager Average Pay Raise in Nicaragua

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Farm Manager in Nicaragua is around 6% every 32 months.

The national average pay raise across all professions and industries in Nicaragua is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 6 ÷ 32 ) × 12  = 2%

What this means is that a Farm Manager in Nicaragua can expect to receive an average pay raise of around 2% every 12 months.

Annual Pay Raise by Industry in Nicaragua for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Nicaragua.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Farm Manager Bonus and Incentive Rates in Nicaragua

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Farm Manager is a low bonus based job, with 39% of employees reporting at least one bonus in the last 12 months.

61% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 6%.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Nicaragua earn approximately 14% more than private sector employees in the same role.

Salaries for Jobs Similar to a Farm Manager

In the table below, we have salary information for jobs that are similar to a Farm Manager in Nicaragua.

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